Priorities in lending businesses in the Guba region have been determined.
As stated in the report of the National Fund for Entrepreneurship Support (NFES), the priority projects include the establishment of specialized "green stores," modern enterprises for processing of fruits and vegetables, small and medium horticultural farms, processing enterprises for dried fruits and production of plastic windows and doors.
The authors of these projects can provide documents to the authorized credit organizations and receive relevant advice and even 100% of the loan amount.
NFES was established in 1992. Its agents in the issuance of loans are 50 banks and non-bank credit organizations.
Last year 295 million manat was allocated for lending businesses, most of them - large, centralized businesses controlled by officials - monopolists. Last year, the courts started to consider 11 claims in connection with the theft by agent banks of multimillion-dollar funds from NFES. --17D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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